Farley said the tariffs would be a boon to South Korean, Japanese and European companies that are bringing 1.5 million to 2 million vehicles into the U.S.

Brazilian steelmakers said they expect the governments to reach an agreement similar to the one from Trump’s first term.

The bloc could move quickly by re-applying duties it first imposed on the U.S. during Trump’s first term. 

The drinks company imports aluminum for its cans from Canada, which is likely to be hardest hit by a 25% tariff on aluminum.

The EU, Canada and Mexico all warned that Trump's newly-announced steel and aluminum tariffs would not go unanswered.

Nikola has pursued various paths to bolster its cash, going through several rounds of layoffs. In December 2024, it filed to sell up to $100 million of stock.

China’s options range from promises to buy more American oil and gas and keeping the yuan stable to delivering on the Phase One deal.

With business climates shifting across the country and across the globe, supply chains and their strategic partners exist in a constant state of flux—2025 will continue in the same vein, with some caveats to consider.

The future contains much uncertainty, but also a wealth of opportunities for innovative and far-thinking enterprises.